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November 22, 2019
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SOUTHERN CALIFORNIA NEWS
Archive
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• North Hollywood Office Building Bought by Rockwood Capital and Artisan Realty
11/11/19
A 74k sf, six-story office building in North Hollywood was purchased for $30 mil ($405/sf) by a partnership between Rockwood Capital and Artisan Realty. The multi-tenant building is located at 4640 Lankershim, east of the 170...
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• Barker Pacific Group Venture Buys Self-Storage Property in Pomona
11/11/19
Barker Pacific Groupís (BPG) Storage Solutions division, in a joint venture with LNG Management LLC, has acquired EZ Storage Pomona, a 520-unit self-storage property, for $4.95 mil. The 44.5k sf asset was sold by E-Z Storage ...
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• Gadget Properties Acquires Industrial Property in Anaheim
11/11/19
Gadget Properties, a general contractor, recently purchased a 34k sf industrial building in Anaheim for $8.45 mil, or $248.50/sf. The structure sits on a 1.85-acre lot at 1700 E. Winston Rd, within two miles of both the I-5...
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• Anchored Retail Center in Upscale Laguna Beach Sells at Record Price per Square Foot
11/08/19
Aliso Creek Shopping Center, a 49.1k sf, fully-leased community shopping center in Laguna Beach, has traded hands. The property, situated on 4.2 acres at 30814-30936 Pacific Coast Hwy, just north of Wesley Dr, was sold by LaS...
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• Temecula Industrial Facility Traded for $28 Mil
11/08/19
A fully-occupied, 224.4k sf industrial facility in Temecula has sold in a $28 mil ($125/sf) transaction. The facility sits on just over 15 acres at 41995 Zevo Dr, west of I-15 off Winchester Rd. The property was purchased by...
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• Private Investor Pays Over $600/sf for Glendale Retail Center
11/08/19
Glendale Center East, a 5.2k sf, retail center in Glendale, was purchased by an unidentified private investor for $3.3 mil, or roughly $636 per square foot. The property, located at 1100 S Glendale Ave, is a classic L-shaped ...
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• San Fernando Valley Multifamily Sale Closes at $379k/Unit
11/08/19
Burnet Townhomes, a 43-unit multifamily community in the San Fernando Valley community of North Hills, was purchased by a private investor in a recent $16.3 mil ($379k/unit) deal. Located at 9001-9009 Burnet Ave, south of No...
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• L.A. Westside Residential Purchased for Redevelopment Opportunity in $6 Mil Deal
11/08/19
An eight-unit multifamily property in the L.A. westside community of Westwood has sold for $5.95 mil. The property is located at 2027 and 2031 S. Beverly Glen, midway between Santa Monica and Olympic Blvds, in one of the most...
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• Inland Empire Distribution Property Trades in $91 Mil Transaction
11/07/19
In news of a major industrial acquisition out of the Inland Empire, Bridge Development Partners has purchased Fourth Street Distribution Center, a 1.43 msf distribution/fulfillment center and a 23.2k sf retail building in Ran...
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• Continental Development Secures $55 Mil Refi on 206k sf Property
11/07/19
Continental Development has obtained a $55 mil refi loan on a 206k sf office/retail property situated within Continental Park, an 86-acre, master-planned mixed-use campus along the Rosecrans corridor on the border of El Segun...
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• Santee Industrial Property Sells for $133/sf
11/07/19
A two-building, 36.3k sf industrial property in Santee was acquired by San Diego-based Pearl and Herschel LLC in a $4.85 mil ($133/sf) deal. The property sits on a 2.12-acre parcel at 8745-8747 N. Magnolia Ave, in the northwe...
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• San Fernando Apartment Property Comp Comes in at $182k/Unit
11/07/19
A 30-unit multifamily property in the North Hills area of the San Fernando Valley sold for $5.475 mil, or $182.5k/unit. The buyer and seller are both private investors. The property, Orion Gardens, is located at 8923 Orion A...
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• SoCal Investor Pays Over $400/sf for Single-Tenant Dialysis Clinic in Orange County
11/06/19
A 21k sf, single-tenant dialysis clinic in the City of Orange has sold for $8.8 mil, or $419/sf. The property, located at 1809 West Chapman Ave, is fully occupied on an absolute, triple-net lease basis by Fresenius Medical Ca...
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• TrakMotive Leases 157k sf Facility in Redlands
11/06/19
TrakMotive has agreed to a $7.78 mil, 88-month lease of a 156.7k sf ($0.56/sf/mo) industrial building in Redlands. The property is located at 1675 W. Park Ave, south of I-10 and just west of Alabama St. TrakMotive, based out...
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• SENTRE Buys 60k sf San Diego Area Office Property
11/06/19
SENTRE purchased West Bernardo Corporate Center, a 60.3k sf office building in Rancho Bernardo. Located at 15822 Bernardo Center Dr, the freestanding building was originally built in 1985 and underwent a significant renovatio...
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• Recently Completed Res Project in L.A.ís Koreatown Sells for Almost $500k/Unit
11/05/19
A 60-unit multifamily property in Los Angelesí Koreatown neighborhood has sold for $29.25 mil, or $487.5k/unit. The 48k sf property, Kodo, was completed in 2018 and is located at 2867 Sunset Place, west of Hoover St and just ...
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• Multi-Tenant Retail Property in Beverly Hills Fetches $920/sf
11/05/19
An 8.7k sf, multi-tenant retail property in Beverly Hills traded hands for $8 mil, in a transaction that works out to $920/sf. The property, built in 1951, sits on 0.29 acres at 301-311 North Robertson Blvd, at the intersecti...
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• Harbor Associates Buys 175k sf OC Office Asset
11/05/19
Long Beach-based Harbor Associates has acquired Crown Cabot Financial Center, a six-story, 175.3k sf office building in Laguna Niguel. The multi-tenant building is located at 28202 Cabot Rd and is 87% occupied by 26 tenants i...
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• OC Building Leased to Outback Steakhouse Sells for Over $1,000/sf
11/04/19
A 6.2k sf restaurant property net-leased to Outback Steakhouse in Garden Grove sold for $6.625 mil, or $1,068/sf. The property, built in 2001, is located at 12001 Harbor Blvd, north of the 22 Fwy at Chapman Ave, just three b...
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• 148-Room The Shay to be Hotel Component of Ivy Station Campus in Culver City
11/04/19
Lowe and AECOM-Canyon Partners have revealed details for The Shay, a new six-story, 148-room boutique hotel that is a pivotal component of Ivy Station, the 500k sf mixed-use development currently under construction in Culver ...
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